Mary Barra, chair and chief executive officer of General Motors Co., during a news conference at the Hudson’s building in Detroit, Michigan, US, on Monday, April 15, 2024. Jeff Kowalski | Bloomberg | Getty Images DETROIT— General Motors is proving it’s a standout among automakers this year as it continues to consistently outperform Wall Street’s…
Rivian Automotive lowered its earnings forecast for the year after missing Wall Street’s third-quarter expectations, including a significant miss in revenue. Here is how the company performed in the quarter, compared with average estimates compiled by LSEG: Loss per share: 99 cents adjusted vs. a loss of 92 cents expected Revenue: $874 million vs. $990…
Scout Terra pickup truck and Scout Traveler SUV concepts scout NASHVILLE, Tenn. , volkswagen-backed Scout Motors revealed its first electric vehicles Thursday and announced plans for the brand to expand its lineup to include an emerging type of plug-in hybrid electric vehicle in addition to EV models. Scout, a former American vehicle brand from 1961…
Workers assemble second-generation R1 vehicles at electric auto maker Rivian’s manufacturing facility in Normal, Illinois, US June 21, 2024. Joel Angel Juarez reuters Shares of Rivian Automotive dropped by as much as 8.9% in intraday trading Friday after the electric vehicle startup delivered fewer vehicles in the third quarter than analysts had expected and lowered…
Fronts of the GMC Sierra Denali, Tesla Cybertruck and Ford F-150 Lightning EVs (left to right). Michael Wayland/CNBC DETROIT – Tesla, General Motors, Rivian Automotive and Ford Motor have created a new market in the US automotive industry of pricey, powerful and precarious electric pickup trucks that sell for $100,000 or more. Just five years…
Workers assemble second-generation R1 vehicles at electric auto maker Rivian’s manufacturing facility in Normal, Illinois, US June 21, 2024. Joel Angel Juarez | Reuters Rivian Automotive beat Wall Street’s top- and bottom-line expectations for the second quarter as the electric vehicle maker continues to take costs out of its business. Here is how the company…
